#msme sector

[ramkirankavadi]

Online Workshop on Artificial Intelligence Tools for Professionals

Date: August 21-22, 2023

Time: 9:30 am to 5:00 pm

Duration: 2 days

Organizers: @National Institute for Micro, Small, and Medium Enterprises (#NIMSME) and @CSDSE Pvt. Ltd.

Contents of the Program:

How to talk to AI (Prompt Engineering): Learn how to effectively communicate with AI systems and optimize prompts for desired outputs.

Meeting efficiency using AI: Explore AI tools and techniques to enhance meeting productivity, automate tasks, and streamline communication.

Working with Excels using AI: Discover how AI can assist in data analysis, automation, and predictive modeling within Excel spreadsheets.

Working with PowerPoint using AI: Learn how AI can improve the creation, design, and delivery of impactful presentations in PowerPoint.

Research using AI: Gain insights into leveraging AI algorithms and tools to enhance research methodologies, data analysis, and knowledge discovery.

Job hunting using AI: Understand how AI-powered tools can aid in job search optimization, resume screening, interview preparation, and career guidance.

Day-to-day tasks using AI: Explore the application of AI in simplifying and automating routine tasks, increasing productivity, and improving work-life balance.

Why Attend:

Enhance your productivity: Acquire valuable skills and knowledge on using AI tools to streamline tasks, automate processes, and optimize efficiency in your professional work.

Stay updated with AI advancements: Get exposed to the latest trends, techniques, and tools in the field of artificial intelligence, empowering you to stay ahead in your industry.

Expand your network: Connect with professionals from diverse industries, including finance, marketing, healthcare, IT, research, consulting, and more, fostering collaboration and potential partnerships.

Gain practical insights: Acquire hands-on experience through practical sessions and case studies, enabling you to immediately apply AI tools and techniques to real-world scenarios.

Who Can Attend: The workshop is designed for professionals from various industries, including but not limited to finance, marketing, healthcare, IT, research, consulting, and academia. It is also beneficial for researchers, academics, and job seekers interested in leveraging AI tools for improved productivity and career growth.

#Artificial Intelligence #Online #Workshop#Professionals @AI #Tools, #Prompt #Engineering, #Meeting #Efficiency, #Excel, #PowerPoint, #Research, #Job Hunting, #Day-to-day #Tasks, #Productivity, #Networking, #Professionals, #Researchers, #Academics, #Job Seekers

[ngopartner]

MSME Registration Udyam Registration or MSME Registration is only an administration Registration that is given along an acknowledgment endorsement and a special number. 

[its-all-business]

The Power of NBFCs: Driving Growth in the MSME Sector

Non-Banking Financial Companies (NBFCs) are playing a significant role in empowering the Micro, Small, and Medium Enterprises (MSME) sector in India. These financial institutions provide crucial support, funding, and specialized services to foster the growth of MSMEs. Let's explore how NBFCs are driving positive changes and empowering small businesses.

Tailored Funding Solutions

NBFCs offer customized financial solutions that cater to the specific needs of MSMEs. They provide flexible lending options, simplified procedures, and faster approvals, ensuring timely access to funds for business expansion.

Also Read: Best Banks And NBFCs For Small Business Loans In India 

Specialized Services

In addition to funding, NBFCs provide specialized services to address the unique requirements of MSMEs. They offer guidance on financial management, business planning, and market insights. Some NBFCs even offer mentoring programs and networking opportunities, empowering MSMEs with knowledge and resources.

Technological Advancements

NBFCs leverage technology to streamline operations and provide efficient services to MSMEs. Digital platforms are used for loan applications, document verification, and disbursement processes, simplifying the borrowing experience.

Technology adoption allows for faster processing and seamless access to funds. With continuous technological advancements, led by industry leaders like Abhay Bhutada, MD of Poonawalla Fincorp, NBFCs are making financial processes more accessible and efficient for the growth of MSMEs.

Flexible Collateral Requirements

Unlike traditional banks, NBFCs often have more flexibility in collateral requirements. They consider factors such as cash flows, receivables, and future revenue potential when assessing creditworthiness. This flexibility enables MSMEs to secure funding without excessive collateral burdens.

Also Read: MSMEs And Their Impact On The Indian Economy

Conclusion:

Through tailored funding solutions, specialized services, technological advancements, and flexible collateral requirements, NBFCs are supporting the growth and success of MSMEs in India. For small businesses seeking support, exploring the offerings of NBFCs can unlock opportunities for expansion and development. Together, NBFCs and MSMEs are shaping a brighter future for the Indian economy.

[mathsproofread]

Resilience and Rebuilding: MSMEs for sustainable development at the forefront of building back better and stronger from the impacts of the COVID-19 pandemic, climate crisis, and conflicts

Micro-, Small, and Medium-sized Enterprises (MSMEs) account for 90% of businesses, 60 to 70% of employment, and 50% of GDP worldwide. As the backbone of societies everywhere, they contribute to local and national economies and sustain livelihoods, particularly among the working poor, women, youth, and groups in vulnerable situations.

This year, the International Trade Centre (ITC) marks the 5th anniversary of MSME Day, and small businesses are more than ever in need of support as they navigate the impacts of the COVID pandemic, conflicts, and the climate crisis. They are the hardest hit by these multiple shocks and, at the same time, play a critical role in building back stronger.

MSMEs have to become more resilient to future shocks, and efforts and stimulus packages must target those most heavily affected by disruptions to global supply chains, rising inflation, and the continuing ramifications of the COVID-19 pandemic.

Source: United Nations Read more on MSMEs Day here!

[npaconsultants]

MSME’s found it challenging to obtain loans and financing due to numerous difficulties and complexities. This is where the NBFCs came into play to support MSMEs through MSME lending. A survey says that the entry of NBFCs proved to be a great support, especially in a sector where the formal credit channel serves only 8% of the market. The NBFCs have made it viable for even smaller businesses with their speedy loan disbursal, flexible rates, and lax eligibility criteria.

[credflow]

Tally is the most widely used ERP in India for accounting needs! Therefore in this article, we will mention some of the best features of Tally that will help you to take your business to grow.

[takeoffphilippines]

The Captivating Cavite: E-com enabler Seller’s Hub, Inc. Helps More MSMEs in Cavite

Known for its rich history and attractive topography and proximity to major business districts in the Philippines, Cavite remains one of the top choices to live, work, and play providing key necessities for businesses and lives to thrive.

The development of industrial parks in many areas of Cavite, which paved the way for better infrastructures and road networks, pushed for its local economy to shift from an economy focused on agriculture to one focused on industry and real estate development. With its population now at more than 4 billion, it is serving as the province’s strength in capturing more businesses to open and expand in the province.

Among the top 10 riches provinces in the country according to the latest report published by the Commission on Audit (COA), Cavite has more than Php14 billion in assets that expand through various properties across the province. Thanks to its booming economy, Cavite’s cities and municipalities continue to be a top choice for local and international investors to be the location of their expansion programs. This includes the booming City of General Trias, which recently received the Most Business-Friendly Local Government Unit (LGU) City Level 2 (1st and 2nd Class Component City) in the recent 48th Philippine Business Conference and Exposition of the Philippine Chamber of Commerce and Industry (PCCI).

  Pushing Forward

With the recent accolades and development vested upon General Trias, it is considered one of the promising locations in the country with its vast potential for growth and development.

Providing a good balance of residential and commercial developments, General Trias is a first- class component city in Cavite with its major income source coming from industry and services.

“Cavite has been serving as one of the strongest supports of Metro Manila when it comes to manpower. With its proximity, many of Cavitenos are working in Metro Manila occupying different industries given our expertise and knowledge. But in recent years, this has been changing with the continued development of Cavite,” shared BK Rivera, CEO of Ecom enabler company Seller’s Hub, Inc.

In 6 years of operation, Seller’s Hub, Inc., which headquarters is located in General Trias, Cavite, proved that Cavite has indeed shifted from just merely a province in the Philippines, into a center of leisure and commerce offering key ingredients to make one’s business grow and be successful.

“Whether its road infrastructure, transportation terminal, and networks, to residential, commercial, and industrial spaces, the accelerated development of the province makes it more

attractive not only for locals but also for international investors who are continuously seeking opportunities for growth and stability,” Rivera added.

All for the Locals

While international businesses and investors keep pouring into Cavite, many local businesses, specifically MSMEs are benefitting from these changes in the economic landscape of Cavite. With the continuous surge of international businesses comes the advancement of technology that amplifies more local enterprises to prosper.

“Seller’s Hub, Inc. wouldn’t be successful without the growth of Ecommerce in the Philippines. The growth of our company relies heavily on consumerism not only in the province or region but in the country and the Southeast Asia region. We’re fortunate that we now have better communication and logistic networks that help us reach more customers that bring high returns,” Rivera said.

Seller’s Hub, Inc. employs local Cavitenos for its manpower needs, and in the coming years, as it plans to expand outside Cavite, the company aims to continue empowering more Filipinos into venturing into Ecommerce and online business.

“Now that there are more avenues available for us to explore and prosper, it’s just a matter of time for Filipinos to achieve their goals in life. Just like how our first President, Emilio Aguinaldo, said it: ‘We cannot free ourselves unless we move forward united in a single desire,’” Rivera concluded.

Seller’s Hub, Inc. is aggressively expanding its reach within the country by expanding its product portfolio and pool of talents across the country. To know more about Sellers’ Hub, you may

visit https://www.facebook.com/SellersHubInc.

–

📧 If you wish to send an invite and feature your province/company brand/event; Just ask the author of this vlog, email us at team.takeoffph@gmail.com

Follow our Social Media Accounts: Facebook Fan Page: https://www.facebook.com/TakeOffPHBlog

Instagram/Twitter: @takeoff_ph

Website: https://takeoffphilippines.com

Subscribe to our YouTube Channel: https://www.youtube.com/c/TakeOffPhilippines

[stevetough]

Cost-effective marketing strategies for MSMEs to boost revenue

Small businesses, especially micro, small, and medium enterprises (MSMEs), face many challenges. Some of these challenges faced by MSMEs include limited resources and budget constraints, which make marketing and promoting their products or services a difficult task. However, marketing is essential to drive sales, generate leads, and boost revenue.

In today's digital age, traditional marketing methods may not be enough, and businesses need to explore cost-effective strategies to reach their target audience and stand out from their competitors. Here, we will discuss some cost-effective marketing strategies that MSMEs can use to boost their revenue while staying within budget.  

Understanding cost-effective marketing strategies for MSMEs

Cost-effective marketing strategies are those that help small businesses to achieve their marketing goals while staying within their budget constraints. These strategies are designed to be affordable, yet effective, allowing MSMEs to reach their target audience and boost revenue without overspending. In addition, it can include a variety of tactics, such as social media marketing, email marketing, content marketing, and networking.

Steps in developing a cost-effective marketing strategy

1. Identifying target market and competitors

One of the most important steps in developing a cost-effective marketing strategy is identifying your target market and competitors. This involves understanding who your ideal customer is and what they are looking for, as well as analysing your competitors to see what they are doing well and where they are falling short.

To identify your target market, you can start by conducting market research to understand the demographics, interests, and behaviours of your ideal customer. This can involve surveying your existing customers, analysing website and social media analytics, and researching industry trends.

Once you have identified your target market, you can begin analysing your competitors to see what they are doing well and where they are falling short. This can involve researching their marketing strategies, analysing their social media presence, and identifying any gaps in the market that you can fill.

2. Creating a marketing plan

After identifying your target market and competitors, the next step is to create a marketing plan. A marketing plan is a comprehensive document that outlines your marketing goals, target audience, marketing tactics, and budget. The purpose of a marketing plan is to provide a roadmap for your marketing efforts, ensuring that you stay on track and achieve your objectives.

To create a marketing plan, you should start by defining your marketing goals. This can involve setting specific targets for revenue growth, lead generation, customer acquisition, or brand awareness. Once you have defined your goals, you can begin identifying the marketing tactics that will help you achieve them.

Your marketing plan should also include a budget, outlining how much you can afford to spend on marketing activities. This will help you prioritise your marketing tactics and ensure that you are focusing on your MSME’s growth strategies that will provide the most ROI.

3. Leveraging digital marketing

In today's digital age, digital marketing has become one of the most cost-effective marketing strategies for MSMEs. Digital marketing refers to any marketing tactic that uses digital channels to reach customers, including social media marketing, email marketing, search engine optimisation, and content marketing.

Social media marketing is a powerful tool for MSMEs, allowing them to reach a large audience at a relatively low cost. By creating engaging social media content, responding to customer inquiries, and running targeted advertising campaigns, MSMEs can effectively reach their target audience and drive traffic to their website.

Email marketing is another effective digital marketing tactic for MSMEs. By collecting email addresses from customers and prospects, MSMEs can send targeted email campaigns that promote their products or services, offer discounts or incentives, and provide valuable content.

Content marketing is another effective digital marketing strategy for MSMEs. By creating high-quality, engaging content that is relevant to their target audience, MSMEs can establish themselves as industry leaders and attract new customers.

4. Networking and collaborating

Networking and collaborating with other businesses can also be an effective cost-effective marketing strategy for MSMEs. By partnering with complementary businesses, MSMEs can expand their reach and gain access to new audiences. This can involve attending industry events, participating in online forums or groups, or collaborating on joint marketing initiatives.

One effective way to network and collaborate is to join industry associations or organisations. These groups can provide MSMEs with access to industry experts, potential customers, and valuable resources. By participating in these groups and engaging with other members, MSMEs can establish themselves as industry leaders. Thereby, building relationships that can lead to new business opportunities.

5. Measuring and evaluating marketing strategies

Measuring and evaluating the effectiveness of marketing strategies is critical for MSMEs. This involves tracking key metrics such as website traffic, social media engagement, and conversion rates to determine which strategies are working and which ones need to be adjusted.

To effectively measure and evaluate marketing strategies, MSMEs should establish clear goals and KPIs (key performance indicators) that align with their overall marketing objectives. They should also regularly review their metrics and adjust their strategies as needed to ensure they are achieving their goals.

Disclaimer- Please note that the information provided in this article is based on the available knowledge and resources at the time of writing and may not be complete or up-to-date. It is recommended that readers verify the details independently before making any decisions based on the information presented.

[jitenderbilani]

In her 2023 budget speech, Finance Minister Nirmala Sitharaman called MSMEs the “growth engines of the economy”, and seeing how far the sector has spread, generating crores of employment opportunities in the country, it isn’t hard to see why. The MSME sector accounts for about 33% of India’s GDP.

[newsrds]

Sustainable finance panel considers promoting regulatory sandbox for green fintech

Sustainable finance panel considers promoting regulatory sandbox for green fintech

New Delhi: A committee of experts on sustainable finance constituted by the International Financial Services Centers Authority (IFSCA) at GIFT City has decided to develop a voluntary carbon market, framework for transition bonds, enable de-risking mechanism, promote regulatory sandbox, etc. is recommended. Facilitate the creation of Green Fintech and the Global Climate Alliance. IFSCA said in a…

[farmerstrend]

How Kenya’s Investment in Macadamia Nuts is Driving Regional Export Growth

Discover how Kenya’s investment in macadamia farming and digital innovation has propelled the country to become a leading exporter, overcoming regulatory challenges and boosting agricultural growth. Explore the role of MSMEs and digital platforms in transforming Kenya’s macadamia sector, driving productivity, and enhancing market access for sustainable economic growth. Learn how Kenya’s macadamia…

[ramkirankavadi]

International Programme on Business Plan for Startup

Start date 5 june 2 pm Online mode

1 week programme

A Joint International Programme of National Institute for MSME, Hyderabad, India and Vytautas Magnus University (VMU), Kaunas, Lithuania, Europe.

Model Canvas; Expected Incomes; Plans; Structures; Salaries; Budget

Marketing; Main Assets; Capital; Loans; Amortization; Budget

How to prepare the Best Presentation

Learning from friend’s mistakes

Presentations for Investors and Discussions.

Certificate will be issued on Successful Completion of the Programme.

[hntco]

Budget 2024 Insights

Discover the Latest Tax and Business Updates in India. Welcome to our comprehensive guide on the latest tax and business updates in India! For personalized assistance or further information, feel free to contact us via our social media channels.

Welcome to your comprehensive guide on the latest tax and business updates in India. Whether you’re an individual taxpayer, a small business owner, or a professional, this presentation will cover the essential information you need to know. From income tax rates and deductions to GST changes and MSME initiatives, we’ve got you covered. Let’s dive in and explore the key details that can help you…

[townpostin]

CII To Host 11Th Manufacturing Conclave East In Jamshedpur

Event Focuses On Future-Proofing Industry Through Technology And Sustainability Top industry leaders to discuss emerging trends and opportunities in manufacturing sector. JAMSHEDPUR – The Confederation of Indian Industry (CII) will hold its 11th Manufacturing Conclave East on July 5 at a local hotel, themed "Future Ready to Future Proof Manufacturing." "This conclave aims to explore how emerging…

[marwahstudios]

Strengthening MSME Sector: A Conclave of Excellence Inaugurated by Sandeep Marwah

New Delhi: “Strengthening the MSME sector is strengthening the entire society,” remarked Dr. Sandeep Marwah, the renowned international personality and President of Marwah Studios, as he inaugurated the Star International MSME Conclave and Awards at Hotel Le Meridien, New Delhi. The day-long event was organized by Harish Chandra under the leadership of Mehak Thakur of Star International MSME Forum, in association with the MSME Development Forum and SEPC, set up by the Ministry of Commerce & Industry.

Dr. Marwah, in his address, emphasized the crucial role of Micro, Small, and Medium Enterprises (MSMEs) in India’s economic landscape. He highlighted how the MSME sector not only drives economic growth but also empowers communities and fosters innovation.

The conclave saw the participation of Ambassadors, High Commissioners, and Diplomats from numerous countries, alongside members of the MSME business community and other renowned figures from various segments of life. The event provided a platform for discussions on enhancing the MSME ecosystem, sharing best practices, and exploring new opportunities for growth and collaboration.

One of the highlights of the conclave was the recognition and honoring of prominent individuals associated with successful MSME setups in India. Dr. Sandeep Marwah presented awards to these distinguished entrepreneurs, celebrating their contributions and inspiring others to strive for excellence in the MSME sector.

The Star International MSME Conclave and Awards reinforced the significance of the MSME sector as a backbone of the Indian economy, driving socio-economic development and fostering inclusive growth. The event concluded with a commitment to continue supporting and nurturing MSMEs to achieve greater heights.

[techminsolutions]

Empowering Micro Enterprises: MSME Minister Launches Rs 20 Lakh Scheme for GST-Exempted Units Under CGTMSE

Transformative Initiative for Informal Micro Enterprises (IMEs) In a groundbreaking move, MSME Minister Narayan Rane has introduced a revolutionary scheme specifically designed for Informal Micro Enterprises (IMEs), with the aim of bolstering their access to credit facilities and alleviating financial constraints. Launched under the esteemed Credit Guarantee Fund Trust for Micro and Small…